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Social dilemmas, game theory, social institutions)CORE ESPP, sections from Unit 2: S2.1 to S2.15.
https://www.core-econ.org/espp/book/text/02.html
WAQ_1. POLITICAL ADVERTISING
Many people consider political advertising (campaign advertisements) to be a classic example of a prisoners' dilemma situation.
1. Using examples from a recent political campaign with which you are familiar, explain whether this is the case.
2. Write down an example payoff matrix for this case.
Suppose that a consumer's preference between the good x and y are represented by the utility function u(x,y)= x+y. If these two goods have the same price, describe the optimal consumption choices of this consumer.
Suppose there are two industries, airlines (A) and breweries (B), and that the demand for secretatrial labor, E, in each industry is EA = 25 – wA and EB = 20 – 2 wB. If the supply of secretarial labor is E = 2 w, then what are the equilibrium wage an..
Illustrate what was the growth rate of the GDP deflator between 1999 and 2000. Elucidate what was real GDP in 1999 measured in 1996 prices.
Price discrimination allows firms to make more money by partitioning their customers into at least two distinct groups, those that:
Define steganography and discuss a method of how steganography is accomplished.
If Emily deposits $500 every other year into her bank account that pays 1.5% annual interest, compounded yearly, how much will she accumulate over a 10-year per
Calculate deadweight loss if U.S. imposes a tariff of 25 cents per bottle of imported wine.
Illustrate what price-quantity comb I country maximizes your firm's profits. Is Demand elastic, inelastic or unit elastic at the profit-maximizing price-quantity combination.
Draw the PPFs for A and B when they work for 4 hours. What if the OC of shirt for A? What is the OC of shirt for B? What is the OC of cake for B? Who will export shirts? Why?
Suppose industry abatement costs rise from $850 million in 2004 to $1,000 million in 2005 in nominal terms and that the CPI is 100 in 2004 and 106 in 2005. Evaluate the change in costs over the period in real terms, first in 2004 dollars and then in ..
Imagine that you have critical information which must be spread throughout your organization as rapidly as possible, by word of mouth. If you have to choose exactly one of the following criteria in deciding whom to tell first, which would best furthe..
You are considering an annuity which costs £50,000 today. The annuity pays £3,000 a year. The rate of return is 3.39%.
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